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7-Eleven 15 Pearl Rd 2,448 SF Retail Building Brunswick, OH 44212 $2,118,024 ($865.21/SF) 8.50% Cap Rate
Investment Highlights
- Absolute Triple Net Lease There are over three (3) years remaining on an absolute triple-net lease, with no landlord responsibilities
- Strong Demographics There are over 9,000 individuals within a one mile radius, and over 102,000 within a five mile radius
- Corporate Guarantee This lease is guaranteed by 7-Eleven, Inc. an outstanding A-rated credit (S&P) with decades of successful operations
Executive Summary
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 15 Pearl Road, Brunswick, OH 44212. The site consists of roughly 2,448 rentable square feet of building space on an estimated 1.53-acre parcel of land. This 7-Eleven is subject to a 20-year Triple Net (NNN) lease, which commenced 5/1/2009. The current annual rent is $180,032 and has scheduled increases of none.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,448 SF
Building Class
C
Year Built
1999
Price
$2,118,024
Price Per SF
$865.21
Cap Rate
8.50%
NOI
$180,032
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.53 AC
Zoning
GW-C
Frontage
Amenities
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 003-18B-01-041 | Improvements Assessment | $236,920 |
| Land Assessment | $242,670 | Total Assessment | $479,590 |
Property Taxes
Parcel Number
003-18B-01-041
Land Assessment
$242,670
Improvements Assessment
$236,920
Total Assessment
$479,590
Contacts
-
Russell Wachtler -
James Westerberg -
Patrick Finn -
Andrew Darby -
Edward DeMatteis -
Glen Kunofsky -
Christopher Marks -
Surmount
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7-Eleven | 15 Pearl Rd
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